For the coming year, Movado forecasts EPS ex items of $1.80, but many analysts were expecting $1.83.

The watchmaker projects revenue of $570 million to $575 million this year. The midpoint would be about 10% above last year's sales. The company also announced a $50 million share buyback program that will run through 2016 .

Movado shares were down about 10% in Thursday afternoon trading on the stock market today, the lowest level since mid-January.

Movado has a lackluster 64 IBD Composite Rating, indicating it's outperformed 64% of all stocks on key metrics such as sales and profit growth.

Meanwhile, Tiffany is expected to report a 2% drop in Q4 EPS, to $1.36. It missed Wall Street's earnings target in the first three quarters of the year. Revenue is projected to rise 5% to $1.25 billion. Shares fell 2.2%.

The reports come amid a slump in the Retail/Wholesale-Jewelry group, ranked a dismal 158 on IBD's list of 197 industry groups.

Elsewhere in the group, Signet Jewelers (SIG) was off 2.4%. Signet is the highest-rated company in the group with an 80 Composite Rating. The company earlier reported sparkling holiday sales. It's slated to announce full Q4 results early on March 28.

Jewelry, handbags and accessories maker Fossil (FOSL) slid 3%. After hitting a nine-month high of 115.19 on Feb. 12, Fossil has drifted down and is trading below its 50-day average, although it's still above its 200-day.

Movado (MOV) shares tanked after the company soundly beat fourth-quarter profit estimates but guided profit for the current year lower than forecasts.

Investors will get a deeper dive into how luxury retailers fared at the end of the year when jeweler Tiffany (TIF) reports Q4 results Friday before the market opens.

For the coming year, Movado forecasts EPS ex items of $1.80, but many analysts were expecting $1.83.

The watchmaker projects revenue of $570 million to $575 million this year. The midpoint would be about 10% above last year's sales. The company also announced a $50 million share buyback program that will run through 2016 .

Movado shares were down about 10% in Thursday afternoon trading on the stock market today, the lowest level since mid-January.

Movado has a lackluster 64 IBD Composite Rating, indicating it's outperformed 64% of all stocks on key metrics such as sales and profit growth.

Meanwhile, Tiffany is expected to report a 2% drop in Q4 EPS, to $1.36. It missed Wall Street's earnings target in the first three quarters of the year. Revenue is projected to rise 5% to $1.25 billion. Shares fell 2.2%.

The reports come amid a slump in the Retail/Wholesale-Jewelry group, ranked a dismal 158 on IBD's list of 197 industry groups.

Elsewhere in the group, Signet Jewelers (SIG) was off 2.4%. Signet is the highest-rated company in the group with an 80 Composite Rating. The company earlier reported sparkling holiday sales. It's slated to announce full Q4 results early on March 28.

Jewelry, handbags and accessories maker Fossil (FOSL) slid 3%. After hitting a nine-month high of 115.19 on Feb. 12, Fossil has drifted down and is trading below its 50-day average, although it's still above its 200-day.

See Also

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Stocks opened to narrow losses Wednesday, as lower oil prices and weak economic news weighed on investors confidence. The Dow Jones industrial average and the S&P 500 each dipped 0.2%. The Nasdaq held to a 0.1% decline. The stock market today was tripped up early by disappointing January ...

Stocks overlooked some disappointing economic news to close with small gains Tuesday. The Nasdaq, S&P 500 and Dow Jones industrial average each added 0.1%. It was the Nasdaq's fifth straight gain. Volume fell across the board in the stock market today, according to preliminary numbers. Despite ...

Retailers in general posted decent sales gains in January, fueled by an improved economy, a brighter jobs picture and lower gas prices, even as shoppers took a bit of a breather from the holiday buying frenzy. But low gas prices are implicated in a major miss by warehouse club giant Costco ...

02/05/2015 06:04 PM ET

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